FDM Group (Holdings) (GB:FDM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
FDM Group reports trading in line with expectations for the first part of the year despite continued soft market conditions and a 26% year-over-year decrease in consultant assignments. The company has reduced internal staff headcount by 20% to align with current demands and maintains a strong balance sheet with £46 million in cash, remaining debt-free. FDM Group anticipates early signs of market improvement, despite ongoing macro-economic and geo-political uncertainties.
For further insights into GB:FDM stock, check out TipRanks’ Stock Analysis page.
